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A blank endorsement on a check: A. is the safest type of endorsement. B. permits only the original endorser to get the money. C. can be further endorsed by someone else. D. cannot be further endorsed by someone else.

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  1. 5 August, 18:09
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    C - Can be further endorse by someone else

    Explanation:

    Blank endorsement is a signature by someone who creates a financial instrument such as a check. This enables any holder of the instrument to assert a claim for payment or endorse it.

    The effect of this is that it is payable only to the bearer legally, it transforms an order instrument into a bearer instrument.

    Blank endorsement is a check made payable to cash and endorsed on the back with the signature of the holder.
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